Lockheed Martin Reshapes Portfolio

By Joseph C. Anselmo

Lockheed Martin Corp. is moving to “reshape” its portfolio of businesses as it braces for leaner U.S. defense spending, stronger conflict-of-interest regulations and a move by the federal government to take back thousands of jobs that had been outsourced to contractors.

The 136,000-employee defense giant says it will divest most of its Enterprise Integration Group (EIG) and Pacific ...

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